The Academy of Comic Book Arts (ACBA) is an American professional organization of the 1970s that was designed to be the comic book industry analog of such groups as the Academy of Motion Picture Arts and Sciences. Composed of comic-book professionals and initially formed as an honorary society focused on discussing the comic-book craft[2] and hosting an annual awards banquet, the ACBA evolved into an advocacy organization focused on creators' rights.

The ACBA award, the Shazam, was a statuette in the shape of a lightning bolt. In addition to the creative awards, the ACBA also established the Academy of Comic Book Arts Hall of Fame award, inducting Superman creators Jerry Siegel and Joe Shuster as its initial honorees.

Under its later president, artist Neal Adams, the ACBA became an advocacy organization for creators' rights. The comic-book industry at that time typically did not return artists' physical artwork after shooting the requisite film for printing, and in some cases destroyed the artwork to prevent unauthorized reprints. The industry also did not then offer royalties or residuals, common in such creative fields as book publishing, film and television, and the recording industry.[2]

While the ACBA was established [as] . . . a self-congratulatory organization focused on banquets and awards . . . it quickly served as a soapbox for the Angry Young Men in the industry, primarily Neal Adams, Archie Goodwin, and their ilk of educated, informed and gutsy artists and writers, self-confident and filled with a strong sense of self-worth, attitudes sadly absent from the field for decades. ... (Jeff Rovin recalled, 'I can't tell you how many times Martin [Goodman] would listen to some of the things Neal Adams was saying and mutter, "Who the hell does he think he is?"').[7]

Once the ACBA — riding a wave begun by the mid-'70s independent startup Atlas/Seaboard Comics, which instituted royalties and the return of artwork in order to attract creators — helped see those immediate goals achieved, it then gradually disbanded.[7]

As writer Steven Grant notes, by 1977 the ACBA had "... disintegrated into what became Adams' "First Friday" professional get-togethers at his studio or apartment."[1]

Irene Vartanoff was the final ACBA treasurer.[3] In early 2005, approximately $3,000 in sketchbook sales plus general contributions to the ACBA and accumulated interest was donated from the ACBA's Bill Everett Fund — created in 1975 to help comics professionals in financial need — to The Hero Initiative (formerly known as A Commitment to Our Roots, or ACTOR), a federally chartered, not-for-profit corporation likewise dedicated.

The ACBA was the first in a string of largely unsuccessful comics-industry organizations that includes the Comic Book Creators Guild (1978–1979), the Comic Book Professionals Association (CBPA, 1992–1994), and Comic Artists, Retailers and Publishers (CARP, 1998).[8] The long-running exception had been the publishers' group the Comic Magazine Association of America (CMAA), founded in 1954 and lasting through 2011,[9] as a response to public pressure and a Senate subcommitte on juvenile delinquency, and which created the self-censorship board the Comics Code Authority.

Grant summed up the ABCA's legacy this way:

[The ACBA] had the support of what passed for comics fandom at the time. But that was also its weakness; its members drew their incomes from the same companies ACBA would have had to war on to be effective, and alternative markets were functionally non-existent. Fandom's "support" was also a double-edged sword, since many in fandom, as now, identified with the professionals' goals but wanted the rewards for themselves as the ones who created the comics, providing the companies with potential talent pools should existing professionals get too uppity. (Both Marvel and especially DC had already turned to foreign artists as a cost-cutting tool.) Significant changes for talent had to wait until new competition forced Marvel and DC to keep up, and Marvel didn't bother until DC, which had spent most of the '70s and early '80s in potentially fatal decline, and inspired by publicized early '80s creator-rights struggles by Jack Kirby and Steve Gerber, adopted many "independent publisher" notions about royalties, artist ownership of original artwork, etc. to woo talent away from Marvel.[1]

The Shazam Award is a series of awards given between 1970 and 1975 for outstanding achievement in the comic-book field. Awards were given in the year following publication of the material (at a dinner ceremony modeled on the National Cartoonist Society's Reuben Award dinners),[10] and were based on nominations that were then voted upon by industry professionals. The name of the award is derived from the magic word for the original Captain Marvel, a popular superhero of the 1940s and early 1950s.